Quote from: fiulpro on May 29, 2018, 06:24:26 AM

Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .

First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .

That's totally right. Bitcoin is created by complex mathematics which is called blockchain technology so it's seem not be able to get hacked. The security of your account depends on your activity. You could accidentally display your private keys, password or wallet somewhere. In my opinion, we should be careful for our account information while payment or trading.

brianross7

Posts

Merits